FOR SALE | building | $2,200,000
WEDGEFIELD 24 Moorambine Street
INVEST, SUB-DIVIDED OR DEVELOP
The choice is yours, rarely do you find industrial properties with so many flexible options. This 4046m2 industrial lot has the advantage of flexibility of 2 sheds, each built to one side of the property with access through the Center to a wide open back yard, a perfect combination to divide into 2 or 3, build another shed and lease separately or lease as a whole.
The block is ideally suited to a future redevelopment as the adjoining block is expected to become an access road to the new proposed Wedgefield by-pass road. It would thus be expected that the block will become a corner block with a future street frontage of 101m and a current street frontage into Moorambine Street of 40m. The block would then ideally be suited for multiple tenancies and possibly strata titling with the appropriate approvals. This block could also, with approval, be subdivided and half cashed in and/or resold as 2 Titles.
To left of the lot is a workshop/security storage/office complex totaling 419m2. This comprises of a 212m2 workshop, office of 103m2, 29m2 crib room, 45m2 mesh enclosed storeroom and front verandah. Shed 2 is of older construction, it is divided into 3 sections and totals approx 223m2 but would be ideally suited for demolition and re-development. The block currently has a periodic lease to a major company, who has indicated that they would like to continue renting the office/workshop complex. A perfect scenario for a redevelopment, to have a holding income while develo